secwatch.observer — SEC 8-K summary
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Issuer:     Navitas Semiconductor Corp (NVTS)
CIK:        0001821769
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001821769-24-000092
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navitas Q2 revenue $20.5M (+13% YoY), GAAP op loss $31.1M; guides Q3 rev ~$22M
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- Q2 revenue $20.5M, up 13% YoY from $18.1M; GAAP loss from ops $31.1M vs $27.2M.
- Non-GAAP loss from ops $13.3M vs $9.6M; cash $112M, no debt.
- Q3 revenue guidance $22.0M ± $0.5M, non-GAAP gross margin ~40%, non-GAAP opex ~$21.5M.
- AI data center customer pipeline doubled since Dec '23, over 60 projects; 7 new design wins in Q2.
- Mobile GaN adoption growing; Navitas powers chargers for Samsung Galaxy Z Flip6, Z Fold6, all A-series.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821769/000182176924000092/0001821769-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821769/000182176924000092/i-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001821769-24-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer